Egypt enters world’s top ten emerging domestic logistics markets

Egypt has edged out Turkey from the list of the world’s top ten largest domestic logistics markets, a new Index shows.

A vibrant and fast-growing start-up ecosystem, aggressive investment in port modernisation and the development of industrial parks are listed among the key “pull” factors for investors in the North African country.

Agility’s 50-country Emerging Markets Logistics Index 2023 shows Egypt has moved up five places to enter the top ten in the index’s global list showing domestic logistics opportunities.

“The biggest mover in the top ten was Egypt which climbed five places to number nine, displacing Turkey,” said the index’s authors.

The index ranks countries for overall competitiveness based on their logistics strengths, business climates and digital readiness.

It described Egypt as ‘one of Africa’s success stories’ over the past decade, outperforming most markets in both Africa and the Middle East, including during a period that COVID-19 upended the global economy.

“The country now accounts for over a fifth of the continent’s manufacturing value-add and the government’s business-friendly approach has been particularly successful at attracting international investors, not least in the high-tech sector,” said the report.

In August 2022, Egypt’s minister of transport, Kamel El-Wazir, announced that the country had lined up 80 logistics projects valued at US$6.6 billion, with plans to amend transport sector laws to attract more private sector investment.